Press release
Access Control System Market 2027 | 3M Cogent Inc., Accu-Time Systems Inc., Aware Inc., Bio-Key International Inc., Axis communications, Assa Abloy and others
Access Control System Market Size Worth $15.62 Billion By 2027
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The key players covered in this study
• Honeywell International
• Bosch security
• Johnson Controls
• Accu-Time Systems Inc.
• Bio-Key International Inc.
• United Technologies Corporation
• Morphotrak LLC
• Secugen Corporation
• Allegion
• Avigilon
The global Access Control System market was valued at USD 8.52 billion in 2019 and is expected to reach USD 15.62 billion by 2027 according to a new study by Polaris Market Research. Its gives a detailed insight into current market dynamics and provides analysis on future market growth. The shift from key-based to keyless Access Control System has eliminated the stress associated with key-dependent access systems, such as keys misplacement, etc. It has, furthermore, enhanced the end-user experience, as these systems are comparatively more efficient, faster processing power, and multitude options for unlocking doors (RFID, biometric, keypad, and key, all in one access system to eliminate the dependence on one type of access system), and remote accessibility.
Owing to the increasing burglaries in residential areas has led to the high demand for enhanced access systems. Besides this, increasing adoption of smartphones is observed, globally. Henceforth, the lack of presence of competition in the remote access control system market, in response to the increasing demand for remote access security from the end-users, poses a high growth opportunity for vendors planning on investing in the same.
Use of artificial intelligence and smart applications like biometrics and card-based access control system add value to business ensuring high-level security with enormous indirect data collection pertaining to the employees. High-security doors mounted with intelligent PACs are being installed in areas like server room racks and cabinets, this is expected to drive market growth.
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Polaris Market Research has segmented the Access Control System market report on the basis of type, end use, and region
Access Control System by Type Outlook (Revenue – USD Million, 2016 – 2027)
o Hardware
o Card-based Readers
o Biometric Readers
o Multi-technology Readers
o Electronic Locks
o Controllers
o Others
o Software
o Visitor Management System
o Others
o Services
o Installation & Integration Services
o Support & Maintenance Services
Access Control System by End Use Outlook (Revenue – USD Million, 2016 – 2027)
• Commercial
• Military & Defense
• Government
• Residential
• Education
• Healthcare
• Manufacturing & Industrial
• Transportation
• Others
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About Us
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world
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